Oppenheimer (NYSE:OPY) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Oppenheimer Holdings Inc. (NYSE:OPY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $57.56 and traded as high as $67.39. Oppenheimer shares last traded at $65.15, with a volume of 25,036 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd.

Oppenheimer Stock Down 2.9 %

The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $65.83 and its 200 day moving average price is $57.56. The firm has a market cap of $673.00 million, a P/E ratio of 10.23 and a beta of 1.14.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.18 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. Oppenheimer’s dividend payout ratio is currently 11.30%.

Hedge Funds Weigh In On Oppenheimer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPY. TCW Group Inc. raised its stake in Oppenheimer by 3.5% during the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock worth $5,082,000 after acquiring an additional 2,700 shares in the last quarter. Profit Investment Management LLC increased its holdings in shares of Oppenheimer by 5.2% during the fourth quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock worth $3,166,000 after buying an additional 2,445 shares in the last quarter. Royce & Associates LP acquired a new stake in Oppenheimer in the 4th quarter valued at about $2,403,000. Empowered Funds LLC lifted its holdings in Oppenheimer by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 1,620 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Oppenheimer by 74.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,649 shares of the financial services provider’s stock worth $1,259,000 after purchasing an additional 8,359 shares during the period. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Company Profile

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.